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Derrimon Trading Co (XJAM:DTL) Momentum Rank : 0 (As of Sep. 22, 2024)


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What is Derrimon Trading Co Momentum Rank?

Derrimon Trading Co has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Derrimon Trading Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Derrimon Trading Co Ltd (XJAM:DTL) » Definitions » Momentum Rank
Comparable Companies
XBUL:C81 OMSH BOM:532359 BOM:522289 BOM:540698 NZSE:VIL BOM:511153 WAR:ESK BOM:539291 BOM:519483 BOM:532070 BOM:539528 WAR:ROV BOM:534708 BOM:531982 XBRU:FOU WAR:NCT IST:KRSAN WAR:ATP TSE:9941
Traded in Other Exchanges
N/A
Address
233- 235 Marcus Garvey Drive, Kingston, JAM, 11
Website
https://www.derrimon.com
Derrimon Trading Co Ltd is engaged in the distribution of bulk household food items inclusive of meat products. The company retails the food items through supermarkets. The company also offers logistics support, warehouse storage rental, and cold storage facilities.

Derrimon Trading Co Headlines

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